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Perth vs West Moonah

Property investment comparison - Perth, TAS 7300 vs West Moonah, TAS 7009

Head-to-head across core investment metrics: Perth wins 3, West Moonah wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricPerthWest Moonah
Median house price$715K$720K
Median unit price--
Gross rental yield (houses)4.30%4.67%
Gross rental yield (units)4.72%4.93%
1-year house growth+19.2%+15.0%
3-year house growth+15.1%+0.7%
Vacancy rate1.3%0.7%
Population3,4724,522

Perth vs West Moonah: what the numbers say

The median house price is $715K in Perth and $720K in West Moonah, so Perth is the cheaper entry point, with West Moonah houses about 1% dearer.

On cash flow, West Moonah leads: houses there return a gross rental yield of 4.67%, compared with 4.30% in Perth, a gap of 0.37 percentage points.

Over the past year house prices moved +19.2% in Perth and +15.0% in West Moonah, so recent momentum favours Perth, although both suburbs recorded growth.

Looking back three years, Perth houses are +15.1% and West Moonah houses +0.7%, so Perth has compounded faster than West Moonah over the longer window.

Rental vacancy is 0.7% in West Moonah and 1.3% in Perth, so landlords in West Moonah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

West Moonah is the bigger suburb, with a population of 4,522 against 3,472, larger than Perth; a larger suburb usually means a deeper pool of buyers and tenants.

In short: West Moonah for rental income, Perth for a lower purchase price, Perth for recent price momentum, West Moonah for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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